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Finance Minister Tito Mboweni delivers his Medium-Term Budget Policy Statement on 24 October 2018 in Parliament. Picture: @ParliamentofRSA/Twitter

Vat increase

Mboweni: 'Zuma’s free higher education decision one of reasons behind VAT hike'

By Gaye Davis

Tito Mboweni was replying to debate on a tax bill that gives effect to the rise from 14 to 15% in VAT which kicked in earlier this year.

  • ANC national officials at the ANC NEC lekgotla underway in Tshwane, Gauteng. Picture: Twitter/@MYANC

    ANC lekgotla to focus on high cost of living, says Magashule

    ANC secretary-general Ace Magashule says the ANC has acknowledged the need to improve the economy as South Africans deal with the rising cost of living.

    1393 days ago
  • Picture: Pixabay.com

    Treasury expects review report on VAT zero-rated items by end of July

    The independent panel, established in March, has received public submissions and held hearings on whether the list of 19 items should be expanded

    1405 days ago
  • FILE: Cosatu members in the Western Cape during a demonstration. Picture: Cindy Archillies/EWN.

    Cosatu in WC vows to intensify anti-VAT increase protest

    In April, VAT increased by one percentage point to 15% to raise R22.9 billion more for the fiscus.

    1406 days ago
  • FILE: Members of Cosatu sing and dance in Cape Town's CBD during a march to Parliament where they handed over a list of demands to government. Picture: Thomas Holder/EWN

    Cosatu WC to march to Parly over VAT decrease

    The trade union says the knock-on effects of the VAT increase has severely impacted consumer products and transport costs.

    1411 days ago
  • Picture: City Power.

    City Power kick-starts 2018/2019 financial year with R1.2bn shortfall

    City Power has cited an unpaid VAT refund from Sars of over R314 million and a terminated contract with Eskom which accounts for over R267 million.

    1417 days ago
  • the-peoples-burdengif

    [CARTOON] The People’s Burden

    By Dr Jack & Curtis.

    1420 days ago
  • University of Cape Town professor of Sports Science Tim Noakes. Picture: UCT website

    [LISTEN] Professor Tim Noakes on zero-rated foods

    Noakes lists the zero-rated foods that can lead to healthier lifestyles in light of the recent increase in VAT.

    1505 days ago
  • Picture: pixabay.com

    [LISTEN] 'Just travelling to someone for a braai will now cost more'

    Cape Talk host Kieno Kammies interviews tax consultant at Mazars Tertius Troost, who calculated the price of a braai.

    1505 days ago
  • Finance Minster Nhlanhla Nene and the SA Revenue Service's top management present the revenue collection figures on 2 April 2018. Picture: @sarstax/Twitter

    Slow consumer confidence linked to drop in VAT collection, says Sars

    Year-on-year growth for VAT has declined by 0.1%.

    1510 days ago
  • Picture: EWN

    South Africans urged to budget as VAT increase comes into effect

    Economist Azar Jammine says the other issue is that personal tax rates are also increasing.

    1511 days ago
  • Picture: EWN

    [LISTEN] How to survive the VAT increase

    Frank Magwegwe, founder of ThrivenFinancial Wellness says consumers can cut down on unnecessary spending and must also look at other ways to make an additional income.

    1511 days ago
  • A general view of Table Mountain cable car going up the mountain. Picture: @TableMountainCa/Twitter

    Locals not happy with SANParks tariff increases

    SANParks increased rates on Sunday in line with the recent value added tax (VAT) hike.

    1511 days ago
  • Picture: EWN

    Businesses warned to update systems to implement VAT increase

    Retailers and other businesses who provide services will need to ensure their invoices correctly calculate the increase which will have a knock on effect on almost every South African.

    1511 days ago
  • Picture: EWN

    Sars: VAT hike to benefit South Africans in long-term

    The 1% increase from 14% to 15% kicked in on 1 April.

    1511 days ago
  • Picture: pixabay.com

    [LISTEN] Economist: The state is spending far too much money

    Cape Talk host Africa Melane interviewed Efficient Group chief economist Dawie Roodt.

    1513 days ago
  • Picture: Supplied.

    Economists: VAT increase will hit consumers hard

    Some economists have advised that consumers turn to food items which have zero vat implications.

    1513 days ago
  • Cape Town Mayor Patricia de Lille. Picture: @PatriciaDeLille/Twitter.

    Capetonians brace for 27% rise in water & sanitation rates

    The city says a major allocation in the 2018/19 budget is R9.8 billion earmarked for water and electricity bulk purchases from the Department of Water and Sanitation and Eskom.

    1516 days ago
  • Julius Malema addressing supporters at the EFF Human Rights Day rally in Mpumalanga. Picture: @EFFSouthAfrica/Twitter

    EFF's Malema calls on SA to unite against VAT increase

    EFF leader Julius Malema says that government should instead increase corporate tax to relieve the poor.

    1523 days ago
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